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I appreciate it, but really need to think about it over time. I mean, I am a grown man...I do not want you to remove 'people' like TraderZones because criticism is healthy, needed, and deserved (at times). I am nowhere close to perfect as a trader or a human being. What is not healthy is...

a)I did not feel the need to be a guru. I compiled a plan and a list of possible trades that I planned on doing. I hope it helped people. I also wanted feedback if possible; if I didn't get it, so be it. I was trying to do something nice. b) It is libel when you make false claims about me...

I'm not posting in anything other than my own name. I do not appreciate the libel; name any other alias in which I've posted. Anything. You can't. There is none. All I have done here is try to help people. The only thing I have ever posted here have been my own day trading thoughts in the...

It has (seemingly) been a very long time since we’ve had a merger mania. And I don’t really think we’ll have one soon, but there are definitely a few deals here and there coming through the pipeline. Yesterday’s story happens to be the attempted takeover of Foundation Coal (FCL) by Alpha...

Marking the close. Surely in 2009 that is not done anymore, is it? For those unfamiliar with the term, ‘marking the close’ means painting the tape in a way that you want others to think that a stock is stronger than it looks if one is long and vice versa. As I wrote about yesterday, many of...

Friday was a pretty startling day for many traders. The most common phrase (or variation thereof) heard throughout day trading houses all over the world was “How can WFC and MS be this strong; it doesn’t make any sense?!” Well, um, yes, it does make sense. Plans have been in the works for...

‘They” always say that a bell is not rung at a top or a bottom, but sometimes if one just pays attention to his/her surroundings, one can learn a heck of a lot. Yesterday morning at precisely 9:25AM, I got up from my desk to take a very quick 100 foot walk to collect my thoughts a bit and to...

Timing really is everything, you know. Everything. This is particularly true when it comes to trading. When doing a trade, one must utilize precise disciplined timing. Rather than guessing at potential action or trying to ‘jump in early.’ Let’s give two examples from Friday the 24th...

There are various situations in which one should stay away from certain trades. The most common reason is that a trade does not look smooth, i.e. if a stock has been in a range of 10 cents for five hours and one buys the stock at the top of the range, one really cannot expect to garner a quick...

On Friday, the Federal Reserve postponed the release of the findings of its stress tests on the 19 largest U.S. banks as bank executives debated the initial findings with government examiners. The results, originally scheduled for release yesterday morning will now be out some time Thursday...

I traded 2,453,870 shares last month and 2,025,325 in march...so something like 100,000 a day. It is not nearly as big as I used to do 'back in the day,' but it is more surgical so to speak; for instance, I traded 5000 MGM (on each side) after-hours as MGM ramped upon its earnings release.

I was right several days in a row on that section and didn't find either of you saying "Nice job, Erik" yet you are quite quick to jump down my throat when wrong. It is of course absolutely deserved for yesterday, but do look at the whole big picture. I am certainly not perfect nor am I a...

When I was a kid growing up in Savannah, GA (a beautiful town demarcated by 24 squares downtown based on London’s ‘square’ system), we always participated in May Day ceremonies. As a kid, it was a way to get out of half a day of school although the trade-off was that we had to dress up in...

Upon mulling the matter and doing some research yesterday, it’d appear that U.S. banks that received the results of their federal stress tests last Friday have three options if they indeed need to tack on capital in order to survive the financial storm that has enveloped the world. The first...

I am at an age now (aka old) that I begin noticing more subtle things. I can differentiate between the cries of my infant daughter. I know when I ask my wife what is wrong and she says “nothing,” I can tell exactly how serious she is in the intonation. I know when my car is not acting right...

Arthritis. Let's hope neither of us gets it; without it, I cannot put my thoughts down and clarify my battle plan for the trading day while hopefully helping others as well. Wishing you luck nazzdack; hopefully, you can use your spare time attacking me to do something more productive in time.

In reading a passage from Dennis Gartman (author of “The Gartman Letter”), I was left somewhat speechless (for once in my life). Gartman noted that the CEO of Bank of America (BAC) accused Fed Chairman Bernanke of being directly involved in the withholding of information from BAC...

Every few years, there is a scare. We had the bird flu in the latter half of 2005. We had the SARS scare in a chunk of 2002 and much of the first half of 2003. And of course who can forget the anthrax scare following the horrific day of September 11, 2001 in which people kept their eyes and ears...

So let’s discuss what happened Friday at 2PM. According to the Federal Reserve, the recession and market turmoil have “substantially reduced” capital reserves at several of the 19 largest U.S. banks although most of these same entities possess capital “well in excess” of current...

As described in today's blog, they will release how the test was conducted at 2PM. So, may/may not be newsworthy, but people will tyr to make inferences out of whatever is said about the test mechanism so there may be some market movement..